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	Reducing Agent Turnover
»	Reducing Hiring Costs

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Online Testing

The ROI of Reducing Hiring Costs

The most immediate benefit of using effective screening and employment tests is the reduced administrative time spent screening out unqualified candidates. ExSel tests that help reduce staffing costs include ExSel Qualifier, Career Profile +, Performance Skills Index, and ServiceFirst. This calculator estimates the ROI of reducing administrative costs.

Hires   new hires
The number of agents your company will hire this year.

Time spent with candidates   hours
The average number of hours spent evaluating candidates who are not hired. This includes time spent reviewing resumes, coordinating and conducting tests and interviews, and holding recruitment conversations.

Average cost of recruiting time   $  per hour
An estimate of the hourly cost of recruiters and hiring managers who spend time with unqualified candidates. An average cost for this factor might be $50 per hour.

Pass rate   %
The expected percentage of applicants who will pass the employment test.

Assessment cost   $  per candidate
The increased cost per candidate from the use of screening or employment tests.

Selection ratio   : 1
The number of candidates you typically assess before making a hiring decision. It is typically somewhere between 3 and 10. If you do not have this value, we suggest setting it at 5.

For more information, contact us at 888-785-4672 or exsel@limra.com.